ICAI issues FAQs on UDIN for GST and Tax Audit

E-Way Bill- FAQs - ICAI

The Institute of Chartered Accountants of India ( ICAI ) has issued a set of Frequently Asked Questions (FAQs) on the application of UDIN on the GST and Tax Audits.

Recently, the ICAI’s 379th Council Meeting held on 17th and 18th December 2018 made UDIN mandatory for all Tax Audit Reports issued under IT Act, 1961 and GST Audit Reports issued under CGST Act, 2017 with effect from 1st April 2019.

The detail FAQs on GST & Tax Audit released by the UDIN Monitoring Group of ICAI said that all Practicing CAs having full-time Certificate of Practice (CoP) can only register on the UDIN portal to generate UDIN and it is not required for certified true copies.

Unique Document Identification Number (UDIN) is 18-Digits system generated a unique number for every document certified/attested by Practicing Chartered Accountants

“It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving a number of complaints of signatures of CAs being forged by non-CAs. To curb such malpractices, the Professional Development Committee of ICAI has come out with an innovative concept of UDIN i.e. Unique Document Identification Number which is being implemented in a phased manner. It will secure the certificates attested/certified by practising CAs. This will also enable the Regulators/Banks/Third parties to check the authenticity of the documents,” it said.

UDIN is to be generated once only for Original Certificates. In case, a duplicate certificate is being issued on the request of the client, the same UDIN is to be mentioned.

According to the document, UDIN can be revoked by mentioning the reason. Further, there is no time limit for allowing revocation.

It further said that any Financial Figure and its particular from the document such as Turnover, Net worth etc. for which UDIN is being generated is to be mentioned under Financial Figures and Particulars. The particular is to be filled between 10 to 50 characters. Two Financial Figures are mandatory out of three fields. In case, there is no financial figure in the certificate being certified, 0 is to be mentioned in Financial Figure and in its particular please mention “There is no Financial Figure in Certificate”.